Globant (GLOB) Change in Working Capital (2021 - 2025)

Globant's (GLOB) quarterly Change in Working Capital came in at $70.0 million in Q4 2025, up 71.04% year-on-year from $40.9 million in Q4 2024, and up 405.76% quarter-over-quarter from -$22.9 million in Q3 2025.

Globant (GLOB) Change in Working Capital (2021 - 2025) Analysis & Trends

Globant's Change in Working Capital history runs 5 years deep, the most recent figure standing at $70.0 million for Q4 2025.

  • On a quarterly basis, Change in Working Capital rose 71.04% year-over-year to $70.0 million in Q4 2025; TTM through Dec 2025 was -$73.6 million, a 51.15% increase from a year earlier, with the FY2025 full-year figure at $70.0 million, up 71.04% from the prior year.
  • Change in Working Capital rose to $70.0 million in Q4 2025 per GLOB's latest filing, from -$22.9 million in the prior quarter.
  • Across five years, Change in Working Capital topped out at $70.0 million in Q4 2025 and bottomed at -$99.3 million in Q1 2022.
  • The 5-year median for Change in Working Capital is -$22.9 million (2025), against an average of -$20.3 million.
  • Across the five-year window, Change in Working Capital surged 563.55% in 2023 and sank 213.81% in 2024, its largest moves.
  • Year by year, Change in Working Capital stood at $8.9 million in 2021, then increased by 6.92% to $9.6 million in 2022, then jumped by 563.55% to $63.4 million in 2023, then slumped by 35.42% to $40.9 million in 2024, then soared by 71.04% to $70.0 million in 2025.
  • Per Business Quant, the three latest GLOB Change in Working Capital figures stand at $70.0 million (Q4 2025), -$22.9 million (Q3 2025), and -$32.3 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Working Capital (Qtr)
1 International Business Machines 203.45 Bn 192.09 Bn 9.91 Bn -
2 Accenture 94.76 Bn 84.59 Bn 6.13 Bn -
3 Cgi 61.46 Bn 60.81 Bn - -128.00 Mn
4 GDS Holdings 48.81 Bn 46.67 Bn 164.04 Mn 2.42 Mn
5 Infosys 47.98 Bn 47.98 Bn 1.60 Bn -
6 Cognizant Technology Solutions 22.55 Bn 21.03 Bn 1.78 Bn -
7 Fidelity National Information Services 22.25 Bn 21.49 Bn 1.11 Bn -
8 Wipro 20.03 Bn 15.85 Bn 738.00 Mn -
9 Cdw 17.85 Bn 17.27 Bn 1.19 Bn -
10 Globant 1.45 Bn 1.20 Bn 213.66 Mn 70.01 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 70.01 Mn
Dec 31, 2025 70.01 Mn
Sep 30, 2025 -22.90 Mn
Sep 30, 2025 -22.90 Mn
Jun 30, 2025 -32.28 Mn
Jun 30, 2025 -32.28 Mn
Mar 31, 2025 -88.43 Mn
Mar 31, 2025 -88.43 Mn
Dec 31, 2024 40.93 Mn
Dec 31, 2024 40.93 Mn
Sep 30, 2024 -31.82 Mn
Sep 30, 2024 -31.82 Mn
Jun 30, 2024 -71.65 Mn
Jun 30, 2024 -71.65 Mn
Mar 31, 2024 -88.13 Mn
Mar 31, 2024 -88.13 Mn
Dec 31, 2023 63.39 Mn
Dec 31, 2023 63.39 Mn
Sep 30, 2023 -10.14 Mn
Sep 30, 2023 -10.14 Mn